News
NNPC Begs IPMAN – Assures Enough Product During Yuletide
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has appealed to Independent Petroleum Marketers Association of Nigeria (IPMAN), not to embark on their proposed strike action on December11.
Baru made the appeal during the commissioning of the NNPC Ultra-Mega Station in Shagamu, Ogun State.
According to our sources, IPMAN Lagos Chapter on November 29 threatened to withdraw its services from December 11 over NNPC’s breach of bulk purchase agreement to sell fuel to them at N133.28k per litre.
The association, in a statement signed by its state Chairman, Alhaji Alanamu Balogun, Vice Chairman, Mr Gbenga Ilupeju and the Secretary, Mr Kunle Oyenuga, said it was set for a showdown with NNPC over irregular fuel supply at Ejigbo satellite depot.
The GMD said that this was not the right time for the independent marketers to embark on strike.
According to the GMD, as the sole importer of petroleum products, the corporation is distributing the products according to Petroleum Products Pricing Regulatory Agency (PPPRA) template of N131 per litre.
He said there was no reason for marketers to sell above the pump price of N145 per litre.
“If some marketers are selling above the approved PPPRA template at depots, we will leave it for relevant regulatory agencies to seal them up.
“They know the implication of going on strike now.
“I will advise them to report any member of Depot and Petroleum Products Marketers Association (DAPMAN) that sells at N141 per litre to relevant regulatory agencies to take action,” he said.
He said the corporation had about 35 million litres of petrol for daily consumption and a reserve of over one billion litres for Christmas and New Year Celebration.
The GMD urged motorists against panic buying, adding that the corporation had what could last for over 30 days in stock.
Baru said the Ultra-Mega station was the first of its kind in the country.
He said the state was the only state in the country with two mega stations.
The GMD said Ogun had always played a major role in the economic development of the nation.
Otunba Gbenga Ashiru, the Ogun Commissioner of Commerce and Industry assured the NNPC boss that state would give adequate protection to the mega station.
Ashiru said Ogun State was one of the safest state in the country.
He said the location of the station on Lagos Ibadan express way was a good one because the road is the busiest in the country.
The Commissioner said the mega station would provide commerce and job for the indigenes of the state.
Mr Adeyemi Adetunji, the Managing Director, NNPC Retail Ltd. said the commissioning marked another milestone in the resolve of the GMD and NNPC top management to increase its footprint in the downstream petroleum industry.
According to him, this will ensure adequate supply of premium petroleum products to the good people of Nigeria.
“We are launching our first Utra-Mega Station within our network which will serve the immediate community and travellers commuting to and from western parts of the country.
“You will agree with me that the commissioning of this station will go a long way in ensuring NNPC Retail Ltd actualizes its mandate.
“The station has 22 nozzles that made up of 14 petrol, four diesel and four for kerosene.
“It is bigger in size than previous stations and designed to serve a larger number of customers,” he said.
Meanwhile, the Nigerian National Petroleum Corporation (NNPC) says there will be adequate supply of petroleum products across the country to aid hitch-free vehicular movement during and beyond approaching Christmas season.
The corporation gave the assurance in a statement by Mr Ndu Ughamadu, its Group General Manager, Public Affairs Division in Abuja yesterday.
It said that Ejigbo satellite depot in Lagos was fully stocked and carrying out regular loading of petroleum products.
“The Ejigbo Satellite Depot has consistently dispensed Premium Motor Spirit (petrol) at the approved price of N133.28 per litre contrary to allegations that it was sold at a higher price.
“There is enough petroleum products to last till the end of the year and 25 vessels laden with petroleum products are also being expected to berth between now and January, 2018 to further boost supplies”.
“The corporation, therefore, urges the public not to entertain any fear or engage in panic buying of petroleum products as there is enough to keep the country well supplied,’’ the statement said.
It added that appropriate government agencies had been contacted to settle the rift between Independent Petroleum Marketers Association of Nigeria (IPMAN) and Depot and Petroleum Products Marketers Association (DAPPMA).
The Lagos chapter of IPMAN had threatened to withdraw its services in the state and environs sequel to alleged discrepancies in ex-depot prices of petroleum products, among other reasons.
News
Victory Over Insurgency Certain, Tinubu Assures
President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.
The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.
He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.
Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.
“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.
“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.
The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.
Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.
He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.
“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”
The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.
The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.
Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.
News
US Embassy, Lagos Consulate Close Today For President’s Day
The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.
The mission made this known in a notice shared on its official X page, yesterday.
“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.
According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.
The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.
In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.
Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.
News
Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role
United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.
Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.
The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.
Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.
“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.
The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.
Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.
The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.
In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.
“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.
Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.
He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.
Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.
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